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ABOUT US

Custodian Life Assurance Limited (formerly Crusader Life Insurance Limited) is a specialist life insurance company incorporated in Nigeria and licensed by the National Insurance Commission to transact all classes of life insurance business. Custodian Life Assurance Limited (CLA) is the subsidiary of Custodian Investment Plc, the holding company which is wholly owned by Nigerians. The Company is quoted on the Nigerian Stock Exchange.

CLA started insurance business in 1956 as a foreign office of Crusader Insurance Company Ltd, Reigate UK. It became a public company in 1989 and listed on the Nigeria Stock Exchange in 1990. Following the merger of the parent company, Crusader Nigeria Plc with the Custodian and Allied Insurance Plc, it was renamed Custodian Life Assurance Limited to reflect the new brand of the emerging entity.

Other companies in the Custodian Investment Plc Group are:

  • Custodian and Allied Insurance Limited
  • CrusaderSterling Pensions Limited
  • Custodian Trustees Limited

Board of Directors

Mr. Richard Asabia is the Chairman, Custodian Life Assurance Limited (CLA). A 1983 graduate of the London School of Economics (University of London) and 1989 graduate of the University of Wales, Cardiff, UK, he holds a Bachelors Degree in Law and a Masters Degree in Business Administration. He is a qualified Barrister and a Fellow of the Chartered Institute of Stockbrokers. He served at various times as a Director on the Boards of First Interstate Bank Plc, Banque International Du Benin, Future Unity Glanvills Ltd and as Chairman, Crusader Nigeria Plc. He is Managing Director/CEO of Interstate Securities Limited and currently sits as a Director on the Board of CrusaderSterling Pensions Limited and as Independent Director of Unity Bank Plc.

Larry Ademeso graduated from the University of Lagos with a B.Sc. degree in Insurance in 1992. He also obtained M.Sc. (Marketing) from the same University in 2001.

He started his career with Perpetual Assurance Limited in 1993 where he rose to the position of Branch Controller before moving to Custodian and Allied Insurance Limited in 2001 as the Head, Industrial Business Group and later became Head, Marketing and Sales.

Larry Ademeso joined Phoenix of Nigeria Assurance Plc. in 2005 as General Manager, Operations. Following the merger with Royal Exchange Plc. in 2007, he was appointed Group Head, Marketing/Sales, and subsequently as the Managing Director of Royal Exchange Prudential Life Plc. in 2009 and held the position till he joined Crusader Life Insurance Limited in 2011, as the Managing Director.

He is an Associate of the Chartered Insurance Institute of Nigeria and alumnus of the Lagos Business School. He is also a member of the International Insurance Society.

Mr. Ngozi Nlebemuo obtained his Bachelor of Science degree in Actuarial Science from the University of Lagos in 1991. He obtained the Masters of Business Administration degree from the University of Nigeria, Nsukka in 2005. He is an associate of the Chartered Insurance Institute of Nigeria, Chartered Institute of Stockbrokers, the Certified Pension Institute of Nigeria and the Nigeria Institute of Management (Chartered). He is also an alumnus of AMP of Lagos Business School.

He started his insurance career with Crusader Insurance (Nigeria) Plc in 1993 as an Assistant Superintendent in the department of Group Life and Pensions. He later rose to become the Manager, Group Life and Pensions. He left Crusader Insurance (Nigeria) Plc as the Head of Actuarial Services, Research and Product Development Department in 2001 to join Hallmark Assurance Plc as the Controller (Life & Pensions) where he rose to Assistant General Manager (Life Business Group).

Mr. Nlebemuo, a consummate life and pensions professional, returned to Crusader Insurance (Nigeria) Plc in 2006 as the Deputy General Manager (Life Operations). He currently serves as the Chief Compliance Officer/Head Technical Operations of the Company.

Wole is the founder and Group Managing Director of Custodian Investment Plc. Having graduated from the University of Lagos with a B.Sc. in Actuarial Science, Wole at various times worked at the National Insurance Corporation of Nigeria (NICON), Femi Johnson & Company Limited (Insurance Brokers) and Crusader Insurance Plc, from where he left to found Custodian in 1994. Wole has over 26 years’ experience in Insurance Underwriting/Claims, Marketing and Investment. He serves on the Board of several companies and was on the Presidential Committee that set up the reforms in the Pensions Industry. Wole is a past Chairman of the Nigerian Insurers Association, former Council member of the West Africa Insurance Institute (WAII), a member of the Council of the West African Insurance Companies Association (WAICA). He is a Fellow of the Chartered Insurance Institute of Nigeria and an Associate of the Chartered Insurance Institute, U.K. He is the first and only African and also a Director of the International Insurance Society (IIS) New York, the elite society of insurance companies worldwide.He is an alumnus of the Harvard Business School.

Chief Mrs. Giwa joined the Board at the inception of Custodian and Allied Insurance Plc. She is a businesswoman with experience in various sectors of the economy such as Oil and Gas, Real Estate. She sits on the Board of several other companies.

Mr. Akintunde Owolabi Odunsi is a fellow member of the Association of Chartered Certified Accountants of England, an Associate member of the Chartered Institute of Accountants of Nigeria and a Fellow of the Chartered Institute of Stockbrokers. Mr. Odunsi attended the Polytechnic, Ibadan and City of Birmingham Polytechnic England (University of Central England). He has benefited from extensive training exposure at the New York Institute of Finance N.Y. U.S.A. and Bankers Trust Company, London, England.

He worked for some time at Union Bank of Nigeria Plc. before joining Interstate Securities Limited in 1985 and rose to the position of Chief Operating Officer of the Company before his retirement from day-to-day operations in 2013. He currently serves as a Director on the Board of Custodian Life Assurance Limited, a subsidiary of Custodian Investment Plc, and as Chairman of Nosak Plastics Limited.

Mr. Dikko obtained his LL.M [Corporate & Commercial Law] degree from the Queen Mary & Westfield College, University of London, England after obtaining his LL.B from the University of Buckingham, England. He was called to the Nigeria Bar in 1990.

He has worked in a variety of roles and industries that span corporate finance, banking and information technology and telecommunications. He worked in Kenneth Michael & Co between 1991 and 1992 and was on the team responsible for setting up the first discount house in Nigeria as was chairman of the discount house from 2002 – 2012. He also worked an Executive Director in Resourcery Plc. from 2000 to 2007 and is currently Vice President (Regulatory & Corporate Affairs) with EMTS Ltd (trading as Etisalat Nigeria).

Adeniyi Falade graduated from the University of Ibadan with a Bachelor of Science degree in Chemistry. He holds an MBA from the University of Warwick, United Kingdom. He was the former Country Manager at Ecobank Development Corporation, and was also former Chief Executive Officer, Lead Capital Limited.

Mr Falade is a Fellow, Institute of Chartered Accountants of Nigeria and currently the Managing Director of Crusader Sterling Pensions, a subsidiary of Custodian Investment Plc.

Management Team

Larry Ademeso graduated from the University of Lagos with a B.Sc. degree in Insurance in 1992. He also obtained M.Sc. (Marketing) from the same University in 2001.

He started his career with Perpetual Assurance Limited in 1993 where he rose to the position of Branch Controller before moving to Custodian and Allied Insurance Limited in 2001 as the Head, Industrial Business Group and later became Head, Marketing and Sales.

Larry Ademeso joined Phoenix of Nigeria Assurance Plc. in 2005 as General Manager, Operations. Following the merger with Royal Exchange Plc. in 2007, he was appointed Group Head, Marketing/Sales, and subsequently as the Managing Director of Royal Exchange Prudential Life Plc. in 2009 and held the position till he joined Crusader Life Insurance Limited in 2011, as the Managing Director.

He is an Associate of the Chartered Insurance Institute of Nigeria and alumnus of the Lagos Business School. He is also a member of the International Insurance Society.

Mr. Ngozi Nlebemuo obtained his Bachelor of Science degree in Actuarial Science from the University of Lagos in 1991. He obtained the Masters of Business Administration degree from the University of Nigeria, Nsukka in 2005. He is an associate of the Chartered Insurance Institute of Nigeria, Chartered Institute of Stockbrokers, the Certified Pension Institute of Nigeria and the Nigeria Institute of Management (Chartered). He is also an alumnus of AMP of Lagos Business School.

He started his insurance career with Crusader Insurance (Nigeria) Plc in 1993 as an Assistant Superintendent in the department of Group Life and Pensions. He later rose to become the Manager, Group Life and Pensions. He left Crusader Insurance (Nigeria) Plc as the Head of Actuarial Services, Research and Product Development Department in 2001 to join Hallmark Assurance Plc as the Controller (Life & Pensions) where he rose to Assistant General Manager (Life Business Group).

Mr. Nlebemuo, a consummate life and pensions professional, returned to Crusader Insurance (Nigeria) Plc in 2006 as the Deputy General Manager (Life Operations). He currently serves as the Chief Compliance Officer/Head Technical Operations of the Company.

Anthony has several years’ experience in the insurance industry; with extensive knowledge and expertise in product design, development, pricing and implementation of insurance products that balance market needs with corporate profit objectives. He also has hands on experience in marketing strategy, competitive research/analysis and sales support with a deep insight into risk management, modeling, and financial reporting.

Over the years, he has worked with Sun Life Financial of Canada, Genworth Financial (Formally, General Electric Financial Assurance), and State Farm Life Insurance company in the US.

He is a Fellow of the Society of Actuaries, Fellow of Life Management Institute and a Member of the American Academy of Actuaries. He holds a a Bachelor of Mathematics and Statistics (First Class Honours) from the University of Lagos, Masters in Actuarial Mathematics from Concordia University, Montreal Canada and a Masters in Financial Econometrics from University of Kaisersluatern, Germany.

Mr. Fatokun obtained his MBA from Lagos State University in 2008 and his NCE (Accountancy) from St Andrews College of Education in 1991.

Mr. Fatokun started his career at Fire, Equity & General Insurance in 1992 and left as Head of Accounts in 2007 to join Custodian and Allied Insurance Plc. At Custodian, he was the Head of Finance and Accounts for several years before moving to become Head of Internal Audit in 2012. He then joined Custodian Life Assurance Ltd as the Head of Finance and Accounts in 2013.

As a seasoned professional, Mr Fatokun is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA), an Associate of the Chartered Institute of Taxation of Nigeria (ACIT) and an Associate of the Nigeria Institute of Management (ANIM). In addition to this, he completed the Senior Management Programme at Lagos Business School in 2013 (SMP 47).

Kehinde graduated from the University of Lagos in 2004 with Bachelor’s degree in Insurance and started her career with AXA Mansard Insurance in 2006 where she spent several years managing the Life & Health Operations, Compliance and Quality Assurance at different times before she was seconded to AXA Mansard Pensions as the Head, Compliance.

Prior to joining Custodian Life Assurance Limited as Head, Retail Enterprise in November 2017, she served as Head, Life Underwriting, Wapic Life Assurance.

She is an Associate of the Chartered Insurance Institute of Nigeria, Certified Pension Institute of Nigeria and Chartered Institute of Arbitrators UK. She is also a Qualified Management System (QMS) lead auditor.

Daniel holds a Master in Business Administration from the University of Ibadan obtained in 2004 and a Higher National Diploma in Insurance from Lagos State Polytechnic in 1994.

He started his insurance career with Phoenix of Nigeria Assurance Plc. in 1996; where he worked in the General Accident department before joining Newline Insurance Company Limited (Now Sterling Assurance Company) as Manager Underwriting. He joined Custodian and Allied Insurance Limited as Head, Manufacturing Unit 2003. He has since worked as Head, Financial Institutions and Services, Public Sector and Personal Line, Trading and Services and as Divisional Head, Oil and Gas/Special Risks at various times during his career with Custodian And Allied Insurance Limited.

Happily married, Daniel is an Associate Member of the Chartered Insurance Institute of Nigeria (CIIN), an alumnus of Lagos Business School and has attended numerous courses and seminars on Insurance, Management and Health & Safety both locally and abroad.

Bolatito holds a Masters in Business Administration which she obtained from Pan African University (Lagos Business School) Lagos in 2006 and a BSc in Accounting from Obafemi Awolowo University Ile-Ife in 1999.

She started her Career as a Domestic Operations Officer with Gulf Bank of Nigeria Plc. in 2001, working on Treasury Operations transactions and later joined Bank PHB Plc., as an Employee Relations officer in 2006. She went on to serve the bank in various capacities such as Head, Employee Relations, Head, Employee Engagement, Head, Learning & Development and Head, HR Business Partners South, Abuja & North Directorates. Prior to joining Custodian Life Assurance Limited, she was the Head of HR Business Partners in Keystone Bank (formerly Bank PHB).

Bolatito is happily married and an Associate member of the Chartered Institute of Personnel Management of Nigeria (CIPM) and Association of Human Resources Practitioners of Nigeria (AHRP).

Mr. Salami graduated from the University of Lagos in 1990 with Bachelor’s degree in Actuarial Sciences. He also holds a Master’s degree in Management from the same University in 1996.

Before joining Crusader in 2007 as Controller, Group Life operations, he had worked with Guinea Insurance Plc., as Head, Motor department and also worked with NFI Insurance Company Limited as Manager, Life and Pensions. In 2003, Mr. Salami joined UNIC Insurance as Senior Manager Life and Pensions.

He is an Associate member of the Chartered Insurance Institute of Nigeria and has had intensive technical and leadership programs.

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